Chevy Chase Trust Holdings LLC Purchases 36,971 Shares of Intel Corporation $INTC

Key Points

• Chevy Chase Trust Holdings LLC has increased its stake in Intel Corporation by 1.6%, acquiring an additional 36,971 shares during the second quarter, bringing its total ownership to approximately 2.32 million shares valued at $52.06 million.
• Wall Street analysts have raised their target prices for Intel, with UBS Group increasing it from $35.00 to $40.00 and Wells Fargo from $22.00 to $30.00, indicating a generally positive outlook despite a current consensus rating of "Reduce".
• In its latest earnings report, Intel posted a loss of ($0.10) EPS, missing estimates, but revenue of $12.86 billion surpassed analysts' expectations of $11.88 billion.

Chevy Chase Trust Holdings LLC increased its position in Intel Corporation (NASDAQ:INTC - Free Report) by 1.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,324,340 shares of the chip maker's stock after purchasing an additional 36,971 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Intel worth $52,065,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Arista Wealth Management LLC bought a new position in Intel in the second quarter worth approximately $276,000. Private Trust Co. NA grew its stake in Intel by 16.9% in the second quarter. Private Trust Co. NA now owns 29,364 shares of the chip maker's stock worth $658,000 after purchasing an additional 4,236 shares in the last quarter. Sage Private Wealth Group LLC grew its stake in Intel by 17.8% in the second quarter. Sage Private Wealth Group LLC now owns 21,987 shares of the chip maker's stock worth $493,000 after purchasing an additional 3,317 shares in the last quarter. SilverOak Wealth Management LLC grew its stake in Intel by 11.6% in the second quarter. SilverOak Wealth Management LLC now owns 23,791 shares of the chip maker's stock worth $533,000 after purchasing an additional 2,477 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in Intel by 6.7% in the second quarter. Nordea Investment Management AB now owns 431,002 shares of the chip maker's stock worth $9,624,000 after purchasing an additional 26,998 shares in the last quarter. Institutional investors own 64.53% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. UBS Group increased their target price on Intel from $35.00 to $40.00 and gave the company a "neutral" rating in a research report on Monday, October 6th. Erste Group Bank raised Intel from a "sell" rating to a "hold" rating in a research report on Monday, September 22nd. Wells Fargo & Company increased their target price on Intel from $22.00 to $30.00 and gave the company an "equal weight" rating in a research report on Wednesday. New Street Research increased their target price on Intel from $23.00 to $32.00 in a research report on Friday, September 19th. Finally, Loop Capital assumed coverage on Intel in a research report on Monday, July 21st. They set a "hold" rating and a $25.00 target price on the stock. Two research analysts have rated the stock with a Buy rating, twenty-two have assigned a Hold rating and seven have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Intel presently has a consensus rating of "Reduce" and an average price target of $28.54.

Intel Stock Performance

Shares of INTC opened at $37.01 on Friday. Intel Corporation has a 12 month low of $17.67 and a 12 month high of $39.65. The stock has a fifty day moving average price of $28.85 and a 200-day moving average price of $23.72. The company has a current ratio of 1.24, a quick ratio of 0.92 and a debt-to-equity ratio of 0.42. The firm has a market cap of $161.99 billion, a PE ratio of -7.76 and a beta of 1.33.

Intel (NASDAQ:INTC - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The chip maker reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.11). Intel had a negative net margin of 38.64% and a negative return on equity of 3.78%. The business had revenue of $12.86 billion for the quarter, compared to analysts' expectations of $11.88 billion. During the same quarter in the prior year, the company posted $0.02 EPS. The business's revenue for the quarter was up .5% on a year-over-year basis. Intel has set its Q3 2025 guidance at 0.000-0.000 EPS. Equities research analysts predict that Intel Corporation will post -0.11 earnings per share for the current fiscal year.

About Intel

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.

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